Comparative financial statements for Weller Corporation, a merchandising company. for the year ending December appear below. The company old not issue any new common stock during the year. A total of 600,000 shares of con stock were outstanding. The Interest rate on the bond payable was 10% the Income tax rate was 40%, and the divid share of common stock was $0.75 last year and $0.40 this year. The market value of the company's common stock end of this year was $22. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: Cash $ 1, 210 $ 1, 230 Accounts receivable, net 9,509 6,780 Inventory 13,780 12,380 Prepaid expenses 750 610 Total current assets 25,160 20, 846 Property and equipment: Land 9,609 Buildings and equipment, net 46,276 42,464 Total property and equipment 55, 876 52,864 Total assets $ 81,636 $ 72,904 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 20,300 $ 17,480 Accrued liabilities 930 720 Notes payable, short term 140 140 Total current liabilities 21, 370 18,260 Long-term liabilities: Bonds payable 9,606 9,680 Total liabilities 30,976 27,860 Stockholders' equity: Common stock 500 609 Additional paid-in capital 4,800 Total paid-in capital 4, 606 4,606 Retained earnings 45 ,466 40 , 444 Total stockholders" equity 50,866 45,844 Total liabilities and stockholders" equity $ 81,636 $ 72,904Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 75,130 $ 66,608 Cost of goods sold 48,180 32, 090 Gross margin 27 ,230 34, 080 Selling and administrative expenses: Selling expenses 10 , 780 10, 106 Administrative expenses 6,809 6,109 Total selling and administrative expenses 17,500 16, 280 Net operating income 9,730 17,880 Interest expense 960 968 Net income before taxes 8,776 16, 840 Income taxes 3,508 6,736 Net income 5, 262 10, 184 Dividends to common stockholders 240 Net income added to retained earnings 5,622 9,504 Beginning retained earnings 40 , 444 Ending retained earnings $ 45,466 $ 40,444 Required: Compute the following financial data for this year. 1. Accounts receivable turnover. (Assume that all sales are on account.) (Round your answer to 2 decimal places.) 2. Average collection period. (Use 365 days In a year. Round your Intermediate calculations and final answer to 2 decimal places.) 3. Inventory turnover. (Round your answer to 2 decimal places.) 4. Average sale period. (Use 365 days In a year. Round your Intermediate calculations and final answer to 2 decimal places.) 5. Operating cycle. (Round your Intermediate calculations and final answer to 2 decimal places.) 6. Total asset turnover. (Round your answer to 2 decimal places.) 1. Accounts receivable turnover 2. Average collection period days 3. Inventory turnover 4. Average sale period days 5. Operating cycle days 6. Total asset turnover